Adams County Industrial Development Authority

The Adams County Industrial Development Authority (ACIDA) was created in 1998 by act of the Adams County Commissioners and capitalized by the Adams County Economic Development Corporation. ACIDA is authorized under Pennsylvania law to facilitate tax-exempt bonds for qualified manufacturing firms and 501(c)(3) organizations. The IDA also facilitates redevelopment of brownfield sites and blighted properties.

Financing

The IDA has facilitated several large tax-exempt bonds for a few of our area’s largest employers: Wellspan, The Brethren Home Community and Gettysburg College to name a few. Tax exempt bonds are an important financing tool used when commercial rates are higher. The benefit of this product is the commercial lender does not pay taxes on the interest they earn and therefore, in return, offers a lower rate and better terms to the borrower. Tax exempt financing is generally used for multi-million-dollar financings and requires bond counsel. For more information please contact Kaycee Kemper at [email protected] or by calling (717) 334-0042 ext. 102.

Redevelopment

Another function of the IDA is to facilitate the redevelopment of blighted properties in our communities. The authority utilizes state-funded resources to ready sites for development and return blighted properties back to the tax rolls. The IDA was instrumental in securing and facilitating the redevelopment of a former brick manufacturing property that languished for more than twenty years located in Oxford Township, New Oxford. The property contained valuable rail access in a great location. J. F. Rohrbaugh & Co. purchased the site to create a new manufacturing center known as Berlin Junction with a brand new 2,000 foot rail spur. Construction was complete in 2023 to include 5 buildings:

• A 125,000 square-foot manufacturing plant with two-story office
• Two warehouses of 9,000 and 11,000 square feet respectively
• A 11,200 square-foot maintenance building
• A 700 square-foot dust collection building